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Syan Technologies, a Hong Kong-based producer of digital currency mining machines, is expected to release their third mining hardware in the Vega mining series – called the X11 Dash miner. The machine follows from Vega Home Bitcoin Miner and Vega 2s Litecoin Miner, with all the machines utilizing the 14 nm (nanometre) technology.

Hong Kong’s Syan set to release Dash miner following on from Bitcoin and Litecoin miner

The chip system

The X11 Dash miner is expected to use a chip based on the original Vega’s bitcoin chip (ASIC STA1220) and litecoin chip (2S’s SCRYPT ASIC SCR1440). Additionally, the casing, chassis, cooling systems and PSU would be the same as the previous two devices.

Low supply in the X11 market

The company believes that its X11 ASIC would enter a market where there are not too many X11 miners, as X11 is quite complicated to implement with scaling issues relating to 14 nm. However, the company is confident that the third Vega machine would be as robust and efficient as the previous two machines. The focus of the product would be to give good ROI to the users, both big and small-scale users.

The X11 is quite complicated to implement with custom circuits. While X11 was designed with an intention to stave off ASIC miners, the Dash mining is already witnessing ASIC miners. The X11 system is also used by other cryptocurrencies – Darkcoin, Givecoin, Global Denomination, Hirocoin, Logicoin, StartCoin, SmartCoin, EuropeCoin, LimeXCoin and some others.

Expected release of X11 Dash miner

The company is yet to release its technological specifications for the product. The new machine would be released within the next few weeks and will be available for pre-order from the company’s website.

The company’s X11 Dash miner is working in the lab and the tests conducted on it have shown that the machine is working as per the standards set by the company.

Company’s previous releases

The company’s first Vega miner, the Vega Bitcoin Home Cryptocurrency Miner, has been in the market only a few months and the pre-sale of second product, Vega 2S Litecoin Home Cryptocurrency Miner having only started a month ago.

Upsides of X11 algorithm

There are several upsides of X11 algorithm for a miner:

  • The X11 mines with low power consumption compared to Bitcoin’s SHA256 PoW (Proof of Work) algorithm. This means that casual users are likely to find their home power enough for personal mining project.
  • The X11 also does not put strain on your hardware. As compared to the Bitcoin’s SHA256 algorithm, the Dash’s X11 does not put any strain on hardware.
  • One can get more rewards by joining the Dash mining pool, however on the downside, the X11 community is not very widespread and the reward is not worth as much.

Vega Dash Miner Competition

The Vega Dash miner is expected to see competition from several previous hardwares in the market. The key hardware options in the market are as follows:

  • Antminer D3: The Antminer D3 is the most popular Dash miner in the market. The miner has a hash rate of 15 GH/s and uses 1,200 watts of power. However, the initial investment is the highest among the three, at US$2,700
  • Baikal Mini ASIC: The Baikla Mini ASIC is the most efficient Dash ASIC on the market. It offers a hash rate of 300 MH/s and uses only 75 watts at max. The miner is very small in size and costs US$550
  • Baikal Giant A900 ASIC: The Baikal Giant A900 is extremely low power consumption, of just 216 watts and offers a hash rate of 900 MH/s. However, the miner is expensive and costs around US$2,400. The miner is especially good for beginners, as it is simple and easy to optimize.